RE: aj: SOX breakout.
Thanks. I will take a look at other stocks of the SOX.
The diamond top is a rare price formation that signals a top. The one on Intel does not qualify. The local top has to be at the top of the diamond, as well as the local bottom has to be at the bottom of the diamond. But, when you draw the well defined trendlines, it does form a diamond shape. At the minimum, you have a symmetrical triangle on the right side of the graph.
Wow, looks like we are in for a rough open this morning.
Good luck!
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